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Asian shares hit by gloom on Wall Street, lower oil prices

Asian shares hit by gloom on Wall Street, lower oil pricesMarkets fell broadly in Asia on Wednesday after a gloomy session on Wall Street, where shares of household names like appliance maker Whirlpool and athletic apparel maker Under Armour suffered their worst ...

Convatec sets IPO offer price at 225 pence a share

British medical products firm Convatec on Wednesday said it had raised nearly 1.5 billion pounds in a stock market listing after the offer was priced at 225 pence per share. The final price is at the bottom end of the range after the deal generated shallow support from investors, confirming a Reuters story late on Tuesday. Convatec said in a statement that its total market capitalisation when the stock starts trading will be 4.39 billion pounds.

Asia stocks slide on Wall Street losses, oil drops as glut worries return

A man looks at an electronic board showing the Japanese yen's exchange rate against Euro outside a brokerage in Tokyo, JapanAsian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the dollar strengthened and oil prices extended this week's losses. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.7 percent. Japan's Nikkei reversed earlier losses to close up 0.15 percent as the yen pulled back.

Bayer third-quarter earnings beat expectations on pharma

The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in WuppertalFRANKFURT (Reuters) - Bayer , the German drugmaker that is buying U.S. seed company Monsanto , beat expectations for third-quarter earnings on gains in pharmaceuticals and forecast-beating farming pesticides. Third-quarter profit before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-off items, rose 6 percent to 2.68 billion euros (2 billion pounds), above the average estimate of 2.52 billion in a Reuters poll among analysts. ...

Clydesdale shares fall in Australia amid its proposal to buy RBS's Williams and Glyn operations

Clydesdale shares fall in Australia amid its proposal to buy RBS's Williams and Glyn operationsShares of Clydesdale and Yorkshire Banking Group (CYBG) were trading lower in Australia on Wednesday. This was amid its announcement overnight that it had formally proposed to buy Williams and Glyn banking operations from the Royal Bank of Scotland Group (RBS). CYBG was formed by the National Australia Bank in February 2016, in advance of the divestment of its UK business through a stock market flotation.

Foreign funds boost Bursa outlook

KUALA LUMPUR: Bursa Malaysia seems to be expecting greater liquidity and vibrancy as foreign fund flows have turned steady of late, said analysts. Things could also get rosy for the local stock market following a small-and mid-cap listed company research scheme and a RM3 billion fund from government-linked investment companies (GLICs) proposed in the 2017 Budget. Inter-Pacific Securities Sdn Bhd research headPong Teng Siew said stock market liquidity is gradually improving, supported by foreign funds.

Asia stocks slide after Wall Street losses, oil drops on glut concerns

Visitors looks at an electronic board showing the Japan's Nikkei average at the Tokyo Stock Exchange in TokyoBy Nichola Saminather SINGAPORE (Reuters) - Asian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing earnings, while the dollar inched down from a seven-month high and oil prices slid. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent. Japan's Nikkei lost 0.2 percent, while South Korea's KOSPI dropped 0.8 percent and Australia fell 1.4 percent.

Wall St. slips on earnings; Apple falls late after results

A woman passes by the New York Stock Exchange during the morning commute in New York CityApple , the largest U.S. company by market capitalization, posted after the bell better-than-expected iPhone sales that however continued a declining trend and shares fell about 2 percent, briefly dragging S&P 500 futures to session lows. Sherwin Williams' outlook also disappointed Wall Street and shares fell 10.9 percent to $247.61. "Lackluster results from Whirlpool and Sherwin Williams may indicate a slowing in the housing cycle," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

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